Nile Valley and the delta accounted for the highest revenue share in the Egypt Instrumentation Valves and Fittings (CNG Industry) Market – 6Wresearch
Nile Valley and the delta region acquired highest share in the market in 2021 in terms of revenue as this region has maximum number of oil & gas plants in the country along with faster increasing production capacity. Egypt instrumentation valves and fittings (CNG Industry) market registered a decent growth in the year 2018 and 2019 on the back of initiative taken by the government to increase the share of CNG in vehicles. However, the market declined in 2020 as the economy came to a standstill, reason being the global Covid-19 pandemic which led to a disruption in supply chain.
According to 6Wresearch, Egypt Instrumentation Valves and Fittings (CNG Industry) market size is projected to grow at a CAGR of 11.2% during 2022-28. In the coming years, Egypt instrumentation valves and fittings (CNG Industry) market is expected to recover sharply owing to government initiatives to run the new vehicles on natural gas and reduce the carbon emission in the country. The Instrumentation valves and fittings market specified to CNG industry in Egypt is currently in the growth stage and is anticipated to grow further on account of rising demand owing to infrastructure development of natural gas in the country and the government initiatives to reduce carbon emission. These factors will propel the Egypt Instrumentation Valves and Fittings (CNG Industry) Market Growth.
According to Ravi Bhandari, Research Head, 6Wresearch, valves and fittings segments both attained the highest share in the market since both are essential components. On the basis of valves, the balls segment will boost in demand in the market due to its minimal leakage, and minimal pressure drops through wear & tea and effective time and labor cost. On the basis of fittings, the tube fitting segment will account for the largest revenue share.
“The Egypt Instrumentation Valves and Fittings (CNG Industry) Market (2022-2028)” report provides an in-depth analysis with 21 figures and 2 tables, covered in 73 pages. The report on Instrumentation Valves and Fittings (CNG Industry) Market in Egypt ccomprehensively covers the industry by types, and regions. The report provides a detailed and unbiased analysis of the on-going growth drivers, opportunities/high growth areas, and trends of the market which are estimated support the stakeholders to align and devise their market strategies according to the latest and future market dynamics.